Skip to content
Home » Market Update » Page 15

Market Update

Is the Phoenix Real Estate Market finally on Summer Break?

It happens every year but usually we see it at the beginning of July vs the end.  The market is finally showing signs of the summer slow down.  Up from 2.58 months inventory in June to 2.83 in July and down just a tad in sold listings, we are finally seeing the numbers reflect it.  For buyers, this might be a good time to find that perfect home…while you have a little breathing room before the market kicks up again.  For sellers, it’s still a sellers market but you might want to air on the side of realistic with your pricing and negotiation terms.  The more inventory creeps up, the more choices the buyers have.

Did my house increase in value since 2014?

Wondering if your home increased in value since this time last year?  Here are the numbers.  We are down more than a month in inventory since then.  Most homes / areas have realized a nice increase in value.  Since different areas of the Valley perform at different rates, text 480.250.0023 for your specific value quote.  You can call or email ([email protected]) too.  Happy Summer!

Market Update! June 2015

We are down almost an entire months inventory since this time last year.  Many sellers are seeing multiple offers and prices are rising.  If you’re buying and you’re tired of the bidding wars, give us a call.  We have a few tricks up our sleeve.  Thinking of selling?  You should be on the market now.  480-250-0023

Should you Remodel it, Refi it, or List it?

April’s numbers roll in, we are seeing even more of a dip in inventory levels and feeling a very noticeable serge in the Phoenix housing market.  Interest rates still remain incredible low and most people are faced with the decision to remodel and sell (or flip it) for more profit, refinance it, or list it as is for a profit.  All three of these are options in this market and many of our clients are taking advantage of them.  Contact us at480.250.0023 or [email protected] for details.

Where Did All the Houses Go? Monthly Market Update April 2015

Well, what have we here??  It looks like we gained 1,000 more listings this month than we gained last month and we sold 2,000 more than we sold last month.  That drops our inventory levels to 3.33 months.  We are on the brink of a strong sellers market if this continues.  The rule of supply and demand suggests this will cause price increases.  Our team has experienced a major increase in buyer activity.  The summer months approaching, looming interest rate increases, and the dwindling selection (and therefore increased prices) are the driving force behind the recent buyer activity that we are experiencing.  Attn BUYERS!  If you wait much longer you’ll pay more for less house and will have less to choose from.  Period.  Sellers, as we approach our busy season, get prepared.  Do not relax due to the increased market activity.  It will die down in July.  If you wait too long you may be picked over.

Moving? Connect with Live Recommended Real Estate Agents in your target area.

Yes
X